Earnings preview of key companies reporting this week and what to look out for.
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
BAT had announced in February that it was "actively working" to reduce its roughly 29% stake in the Kolkata, India-headquartered company which has interests in segments ranging from hotels to consumer packaged goods. The stake sale would allow the maker of Dunhill and Lucky Strike cigarettes to pay down its debt and move faster towards the leverage range at which it could resume share buybacks. Bloomberg News, which first reported the news earlier on Monday, said BAT has been speaking with Bank of America and Citigroup about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades.